The GAO recommends auditors layer on multiple quality control procedures ensuring their audits meet standards.
Descriptive Performance Audits?
According to GAGAS, what’s the difference between a descriptive performance audit and an evaluative performance audit? Don’t know? Find out now!
The Proposed Quality Management Risk Assessment Process
The 2023 GAGAS exposure draft proposes a three-step quality management risk assessment process so your team conducts better audits.
The GAO wants us to think about Audit Quality
The 2023 GAGAS exposure draft proposes auditors apply a formal three-step process to protect audit quality.
Safeguards to Independence
One of the best safeguards to independence is to withdraw from the audit engagement entirely. Fortunately, that’s not the only solution.
What is Government CPE?
Government CPE requirements are flexible since they allow topics on the specific business of the auditee, government auditing and the government environment itself.
7 Audit Procedures
How do auditors obtain their evidence? They use one of seven different audit procedures including inquiry, observation and recalculation.
Audit Program: Fresh vs. Canned?
Canned audit programs could include unnecessary procedures creating extra work for auditors. In most cases, writing a fresh audit program from scratch is the best way to go.
The Self-Interest Threat
In order to keep their jobs, auditors must moderate the information in their audit reports. This creates a self-interest threat to independence.